Figure 10-3
Farr Company Had the Following Information -Refer to Figure 10-3

question 9

Multiple Choice

Figure 10-3
Farr Company had the following information: $\begin{array}{lcc}\text { Revenues } & & £ 400,000 \\\text { Cost of goods sold: } &£ 100,000 & \\\text { Direct materials } & 50,000\\ \text { Overhead } & 50,000 & 200,000 \\ \text { Gross profit } & & £ 200,000 \\\text { Selling and administrative expenses } & & 75,000 \\ \text { Operating income } & & £ 125,000 \\\end{array}$
-Refer to Figure 10-3. What is the mark up based on prime costs?

• A)300.0%
• B)133.3%
• C)50.0%
• D)166.7%

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Definitions:

Risky Decisions

Choices made under conditions of uncertainty that have potential negative consequences or involve significant risks.

Diffusion of Responsibility

A socio-psychological phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of others.

Consulting Him

Seeking advice or information from a male individual, often in a professional context.

Surgery Team

A group of healthcare professionals, including surgeons, anesthesiologists, and nurses, who work together during surgical procedures to ensure patient safety and successful outcomes.